Guest guest Posted December 20, 2004 Report Share Posted December 20, 2004 From: atracyphd2@... Subject: THIS GAVE ME ABOUT ALL I WANTED FOR CHRISTMAS!!!!!!!!! :-) :-) :-) A $30 Billion drop in the market value of stock from three major drug companies!!! From the New York Times we read the breaking news from the last few days which lead to the drop in value: " In less than 12 hours . . . - Pfizer said that it had found increased risk of heart problems for people taking Celebrex, a painkiller that is one of the world's best-selling medicines. - AstraZeneca reported that a trial of Iressa, a lung cancer drug approved in the United States last year, showed that the drug did not prolong lives. - And Eli Lilly warned doctors that Strattera, its drug to treat attention deficit disorder, usually in children, had caused severe liver injury in at least two patients. " Investors punished all three companies, sending Pfizer stock down 11.2 percent, AstraZeneca down 7.7 percent and Eli Lilly down 2.4 percent. Collectively, the declines reduced the market value of the three companies by more than $30 billion, worsening the industry's weak performance this year. " I encourage you all to go to the New York Times www.newyorktimes.com and read all of the articles to come out in just the last few days - one after another blasting the FDA and the pharmaceutical companies for what they have been caught doing to us all over the last several years. It is heart warming to see the truth coming out in the country's leading newspaper. Dr. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.